May 01, 2012

The Morning Wrap

Where Dewey Goes Now: In a memo to partners, management at ailing law firm Dewey & LeBoeuf advised remaining attorneys that they are free to look elsewhere. In the past five days, 11 partners have left the firm. Our sister publication, Am Law Daily reports.

Unfit to Rule: A British Parlimentary panel concluded its investigation into the phone hacking scandal at various News Corp. newspapers. The panel concluded that Rupert Murdoch was unfit the run the international company. The New York Timesreports.

Admissible: U.S. prosecutors argued in court filings that the wiretap conversations between Galleon Group co-founder Raj Rajaratnam and two Galleon employees should be admissible in Goldman Sachs director Rajat Gupta's trial. Gupta, who goes on trial May 21, is accused of securities fraud and conspiracy. Bloomberg News reports.

Asylum: The blind Chinese lawyer and dissident who escaped house arrest is likely to seek political asylum, according toThe Washington Post.